business competencies Archives | Numbers Knowhow https://numbersknowhow.co.uk/tag/business-competencies/ Cash flow and financial planning made easy Wed, 17 Jan 2024 08:47:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://numbersknowhow.co.uk/wp-content/uploads/2022/02/cropped-Favicon-Cog.png business competencies Archives | Numbers Knowhow https://numbersknowhow.co.uk/tag/business-competencies/ 32 32 Resource Analysis For Your Business https://numbersknowhow.co.uk/resource-analysis-for-your-business/ Tue, 11 Apr 2023 10:32:16 +0000 https://numbersknowhow.co.uk/?p=11569   Resource analysis for your business is what will help you with your business growth and success. Is the current set of supplies helping or hurting your business? Find out in this short blog (and vlog). Types of resources Firstly, we’ll look at what resources are. They can be divided into categories and sub-categories. Namely, two general categories: tangible and intangible resources. When speaking about a company’s resources, we could look at physical, financial, human resources, and intellectual capital. Business competencies Businesses need resources to operate at a level. On the other hand, they need competencies. So, let’s start by defining business competencies as the resources and capabilities of a company. Essentially, these are the skills, experiences, and abilities to use those resources. For example, there is no point in having a good reputation if you don’t exploit it effectively. The two main competencies are: The threshold level – which is about competencies that will aid your business’s survival. So, he threshold level is that at which your business can operate and keep things going and in working order. Competencies that give you a competitive advantage –  this is about your business USPs or unique selling points (ones that make […]

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